Relatively newly established cryptocurrency broker CoinTiger is operational from the overseas country of Singapore. The broker has gained some momentum recently because of some good and bad aspects. All of these will be objectively handled in this impartial and comprehensive review. That’s why we are emphasising on completely reading this review.
To convey an impartial and comprehensive CoinTiger review we shall site all the possible advantages and disadvantages of it. Let’s begin with advantages first. The broker CoinTiger has mentioned the name of the real entity that runs it. And has provided true official address as well. This might not seem to be a great deal to many but the crypto market is very suspicious. That being said some more openness would have been better. The broker gives emphasise on two-factor authentication that is very much appreciated. The major attraction of CoinTiger comes from its minimum trading fees. Both bid makers and bid takers are charged equally at 0.10%. That is fairly low than the market average of around 0.20%. The broker further elongated its services to open consultation and cooperation. A well defined and nicely working trading platform is provided by CoinTiger that has several charts. Many crypto coins are facilitated for hassle-free and risk-free trade.
Now its time to discuss what are the risks CoinTiger posses. As said earlier there is very little information available about CoinTiger and it is a writing fact. We have concerns about fiat currencies. The broke intentionally blocks the fiat currency tab if accessed from certain countries. Why that is done is not clear or mentioned on the official website. The margin trading is missing from the broker’s offerings. It means no leverages or leverages of 1:1 are offered. This fact about CoinTiger will not be justified by many traders. There are several different withdrawal charges are applied to different altcoins. Cryptocurrency trading is a very recent phenomenon and it is not completely regulated yet. Therefore there is very high risk of scam in this market. And for the same reason, we advise our readers to trade with caution.
Is CoinTiger scam or legit?
Like many cryptocurrencies broker, the CoinTiger is also unregulated. It applies many fees to its clients. Also, no margin trading is facilitated. Therefore it is a potential scam cryptocurrency broker.